Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false72022-07-01falseNo description of principal activity7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04413318 2022-07-01 2023-06-30 04413318 2021-07-01 2022-06-30 04413318 2023-06-30 04413318 2022-06-30 04413318 c:Director1 2022-07-01 2023-06-30 04413318 d:PlantMachinery 2022-07-01 2023-06-30 04413318 d:PlantMachinery 2023-06-30 04413318 d:PlantMachinery 2022-06-30 04413318 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04413318 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 04413318 d:MotorVehicles 2022-07-01 2023-06-30 04413318 d:MotorVehicles 2023-06-30 04413318 d:MotorVehicles 2022-06-30 04413318 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04413318 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 04413318 d:FurnitureFittings 2022-07-01 2023-06-30 04413318 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04413318 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 04413318 d:Goodwill 2023-06-30 04413318 d:Goodwill 2022-06-30 04413318 d:CurrentFinancialInstruments 2023-06-30 04413318 d:CurrentFinancialInstruments 2022-06-30 04413318 d:Non-currentFinancialInstruments 2023-06-30 04413318 d:Non-currentFinancialInstruments 2022-06-30 04413318 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04413318 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 04413318 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04413318 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 04413318 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04413318 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 04413318 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04413318 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 04413318 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 04413318 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 04413318 d:ShareCapital 2023-06-30 04413318 d:ShareCapital 2022-06-30 04413318 d:RetainedEarningsAccumulatedLosses 2023-06-30 04413318 d:RetainedEarningsAccumulatedLosses 2022-06-30 04413318 c:OrdinaryShareClass1 2022-07-01 2023-06-30 04413318 c:OrdinaryShareClass1 2023-06-30 04413318 c:OrdinaryShareClass1 2022-06-30 04413318 c:OrdinaryShareClass2 2022-07-01 2023-06-30 04413318 c:OrdinaryShareClass2 2023-06-30 04413318 c:OrdinaryShareClass2 2022-06-30 04413318 c:FRS102 2022-07-01 2023-06-30 04413318 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04413318 c:FullAccounts 2022-07-01 2023-06-30 04413318 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04413318 d:WithinOneYear 2023-06-30 04413318 d:WithinOneYear 2022-06-30 04413318 d:BetweenOneFiveYears 2023-06-30 04413318 d:BetweenOneFiveYears 2022-06-30 04413318 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 04413318 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 04413318 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 04413318 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 04413318 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 04413318 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-30 04413318 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04413318














SILCOCK BUILDERS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2023

 
SILCOCK BUILDERS LIMITED
REGISTERED NUMBER:04413318

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
                                                                    Note

Fixed assets
  

Tangible assets
 5 
28,252
38,145

Current assets
  

Stocks
  
116,000
23,050

Debtors: amounts falling due within one year
 6 
391,780
746,410

Cash at bank and in hand
  
78,335
830

  
586,115
770,290

Creditors: amounts falling due within one year
 7 
(364,326)
(552,829)

Net current assets
  
 
 
221,789
 
 
217,461

Total assets less current liabilities
  
250,041
255,606

Creditors: amounts falling due after more than one year
 8 
(58,439)
(68,434)

  

Net assets
  
£191,602
£187,172


Capital and reserves
  

Called up share capital 
 11 
1,050
1,050

Profit and loss account
  
190,552
186,122

  
£191,602
£187,172


Page 1

 
SILCOCK BUILDERS LIMITED
REGISTERED NUMBER:04413318

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2024.




___________________________
J Silcock
Director

Page 2

 
SILCOCK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Silcock Builders Limited is a company limited by shares.  The company registered number is 04413318 and it is incorporated in England and Wales. The registered office and principal place of business of the company is Unit 13, Willesborough Industrial Estate, Willesborough, Ashford, TN24 0TD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SILCOCK BUILDERS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line basis
Motor vehicles
-
25% straight line basis
Fixtures and fittings
-
25% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried
Page 4

 
SILCOCK BUILDERS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Page 5

 
SILCOCK BUILDERS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.14

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.15

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
SILCOCK BUILDERS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.16

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).


4.


Intangible assets




Goodwill



Cost


At 1 July 2022
7,000



At 30 June 2023

7,000



Amortisation


At 1 July 2022
7,000



At 30 June 2023

7,000



Net book value



At 30 June 2023
£-



At 30 June 2022
£-



Page 7

 
SILCOCK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total



Cost or valuation


At 1 July 2022
6,642
125,385
132,027


Additions
2,222
-
2,222



At 30 June 2023

8,864
125,385
134,249



Depreciation


At 1 July 2022
5,119
88,763
93,882


Charge for the year on owned assets
847
-
847


Charge for the year on financed assets
-
11,268
11,268



At 30 June 2023

5,966
100,031
105,997



Net book value



At 30 June 2023
£2,898
£25,354
£28,252



At 30 June 2022
£1,523
£36,622
£38,145

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022



Motor vehicles
£25,354
£36,622

Page 8

 
SILCOCK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022


Trade debtors
105,570
737,843

Amounts owed by group undertakings
266,676
-

Other debtors
4,050
4,050

Prepayments and accrued income
15,484
4,517

£391,780
£746,410



7.


Creditors: Amounts falling due within one year

2023
2022

Bank overdrafts
-
57,375

Bank loans
5,327
5,802

Trade creditors
25,174
23,792

Amounts owed to group undertakings
-
114,502

Corporation tax
82,519
50,070

Other taxation and social security
104,795
63,436

Obligations under finance lease and hire purchase contracts
5,168
4,929

Other creditors
128,672
225,073

Accruals and deferred income
12,671
7,850

£364,326
£552,829


Obligations under finance lease and hire purchase contracts are secured over the assets concerned.


8.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
40,006
44,832

Net obligations under finance leases and hire purchase contracts
18,433
23,602

£58,439
£68,434


Obligations under finance lease and hire purchase contracts are secured over the assets concerned.

Page 9

 
SILCOCK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
5,327
5,802

Amounts falling due 1-2 years

Bank loans
5,937
5,950

Amounts falling due 2-5 years

Bank loans
34,069
18,756

Amounts falling due after more than 5 years

Bank loans
-
20,126

£45,333
£50,634



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022


Within one year
5,168
4,929

Between 1-5 years
18,433
23,602

£23,601
£28,531


11.


Share capital

2023
2022
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary A shares of £1.00 each
1,000
1,000
50 (2022 - 50) Ordinary C shares of £1.00 each
50
50

£1,050

£1,050



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,275 (2022 - £3,999). Contributions totalling £854 (2022 - £542) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
SILCOCK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

13.


Commitments under operating leases

At 30 June 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022


Not later than 1 year
13,500
13,500

Later than 1 year and not later than 5 years
13,500
27,000

£27,000
£40,500


14.
Controlling party 

At the balance sheet date, the immediate parent undertaking is Silcock Holdings South East Limited, a company incorporated in England and Wales. 
Mr J Silcock is the controlling party of the company.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.


Page 11